Published: 2026-09-10T06:55:53.000Z
Chart AUD/NZD Update: Consolidatiobn gains to 1.2370, fresh year high
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Break above the 61.8% Fibonacci level at 1.2345 has see extension to fresh year high at 1.2370
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.2500 | ** | congestion | S1 | 1.2285 | ** | May high | |
| R3 | 1.2450 | * | congestion | S2 | 1.2250 | * | congestion | |
| R2 | 1.2400 | * | congestion | S3 | 1.2200 | * | congestion | |
| R1 | 1.2370 | ** | 9 Sep YTD high | S4 | 1.2150 | * | Mar high |
Asterisk denotes strength of level
06:50 GMT - Break above the 61.8% Fibonacci level at 1.2345 has see extension to fresh year high at 1.2370. Positive daily and weekly studies keep pressure on the upside but overbought readings on daily chart caution corrective pullback to support at 1.2285 May high which should underpin. Below here will ease the upside pressure and open up room for deeper correction of the August gains to strong support at the 1.2250/1.2200 area. Meanwhile, break above the 1.2370 high, if seen, will see room for extension to the 1.24001.2450 congestion area and the 1.2500 level.